The post Hoskinson Gives Insight on Cardano DeFi and ADA Holders appeared on BitcoinEthereumNews.com. Cardano founder Charles Hoskinson has responded to renewed criticism about the network’s total value locked (TVL) and relatively sluggish decentralized finance (DeFi) growth. On October 31, Hoskinson acknowledged the gap between Cardano’s DeFi activity and leading blockchains like Ethereum and Solana. However, he said the numbers fail to capture the network’s broader participation and governance strength. Sponsored Cardano Bets on Bitcoin Interoperability to Unlock Billions in DeFi Liquidity Hoskinson pushed back on the long-standing belief that introducing major stablecoins such as USDT or USDC would automatically transform Cardano’s DeFi ecosystem. “No one’s ever made the argument and explained how the existence of one of these larger stablecoins is magically going to make Cardano’s entire DeFi problem go away, make the price go up, massively improve our MAUs, our TVL, and all these other things,” he said. He argued that their arrival alone would not solve the network’s structural challenges or guarantee growth. According to him, Cardano already has native, asset-backed stablecoins like USDM and USDA that can be minted at will and rarely lose their peg. Sponsored Instead, Hoskinson pointed to user behavior as the main reason Cardano’s DeFi TVL remains small. For context, he noted that the network has about 1.3 million users who stake or participate in governance, collectively holding more than $15 billion in ADA. However, those figures don’t count toward TVL metrics, and most ADA holders remain passive participants rather than active liquidity providers. “Cardano has a fertile ecosystem. There’s a lot of people floating around. There’s a lot of people who hold ADA, who have Cardano wallets, who have been in our ecosystem — in many cases more than five years. But not a lot of those people have crossed the chasm to use DeFi in Cardano,” he stated. Sponsored He added that this distinction… The post Hoskinson Gives Insight on Cardano DeFi and ADA Holders appeared on BitcoinEthereumNews.com. Cardano founder Charles Hoskinson has responded to renewed criticism about the network’s total value locked (TVL) and relatively sluggish decentralized finance (DeFi) growth. On October 31, Hoskinson acknowledged the gap between Cardano’s DeFi activity and leading blockchains like Ethereum and Solana. However, he said the numbers fail to capture the network’s broader participation and governance strength. Sponsored Cardano Bets on Bitcoin Interoperability to Unlock Billions in DeFi Liquidity Hoskinson pushed back on the long-standing belief that introducing major stablecoins such as USDT or USDC would automatically transform Cardano’s DeFi ecosystem. “No one’s ever made the argument and explained how the existence of one of these larger stablecoins is magically going to make Cardano’s entire DeFi problem go away, make the price go up, massively improve our MAUs, our TVL, and all these other things,” he said. He argued that their arrival alone would not solve the network’s structural challenges or guarantee growth. According to him, Cardano already has native, asset-backed stablecoins like USDM and USDA that can be minted at will and rarely lose their peg. Sponsored Instead, Hoskinson pointed to user behavior as the main reason Cardano’s DeFi TVL remains small. For context, he noted that the network has about 1.3 million users who stake or participate in governance, collectively holding more than $15 billion in ADA. However, those figures don’t count toward TVL metrics, and most ADA holders remain passive participants rather than active liquidity providers. “Cardano has a fertile ecosystem. There’s a lot of people floating around. There’s a lot of people who hold ADA, who have Cardano wallets, who have been in our ecosystem — in many cases more than five years. But not a lot of those people have crossed the chasm to use DeFi in Cardano,” he stated. Sponsored He added that this distinction…